Welcome to The Axis your late look at payments news from around the world Coverage includes Tyro s integration of Alipay into airport duty-free shops in Australia In addition the UKs Paysend rolled out a new service named PaySendLink and Merchant Machine report found that cashless payments are gaining ground in the European Union Tyro a business-only bank in Australia rolled out Alipay integration with duty-free retailer Heinemanns Sydney airport stores according to an announcement The company noted that 900 million users around the world tap into Alipay and its partners to pay for goods and services With its solution the company noted that businesses in Australia can help access the Chinese tourist market Tyro CEO Robbie Cooke said in the announcement For our Chinese guests Alipay is a familiar and preferred payment method especially while traveling Tyro is proud to have partnered with Heinemann to bring Alipay to the Australian market And the UKs Paysend rolled out a new offering called PaySendLink that lets users make cross-border remittances with a recipients cell phone number according to reports Recipients in turn can see the transfer and send it to a bank account Mastercard Visa or UnionPay card Besides being super convenient for the sender PaySendLink also puts recipients worries at ease they dont have to send any personal information to a sender only provide their phone number said PaySend CEO Ronald Millar according to reports Their personal information is entered directly into our secure platform The offering comes after the company notched 20 million in a 2018 funding round And a Merchant Machine report found that cashless payments are gaining ground in the European Union Yahoo Finance reported In fact the report noted that cashless is the regions most popular payment method as digital and card payments brought in revenues of 120 trillion The study noted that UK led countries in cashless revenue rankings ranking Germany and France as having the second and third highest cashless revenue respectively In particular the report noted that contactless payments jumped by 321 percent in the UKs clothing industry in 2018 LATEST INSIGHTS Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation thats reshaping the payments and commerce ecosystem Check out the latest PYMNTS Digital Drive Report